Kazakhstan Sees No Immediate Tenge Impact from Higher Oil Prices, National Bank Chair Says (opens original article in a new tab)

Kazakhstan's National Bank Chair stated that recent oil price increases due to Middle East tensions have not significantly impacted the tenge, with effects expected to lag by one to two months. The government plans to maintain a conservative oil price assumption of $60 per barrel in the 2026 budget.

• Rising oil prices have not yet affected Kazakhstan's tenge.
• Effects of oil price changes typically lag by one to two months.
• Kazakhstan's 2026 budget assumes $60 per barrel oil price.
• Current oil prices are not expected to significantly impact the tenge.